Apartment Building with Coin
727-729 Waverley Street Palo Alto, CA 94301
727-729 Waverley Street, Palo Alto, CA, 94301
$3,700,000
For Sale
$3,700,000
Well-maintained multifamily property with eight units, updated improvements, and an on-site leased coin laundry facility.
Property Size3,535 SF
Lot Size0.17 Acres
Price / SF$1,046
Days on Market54
Property Features for 727-729 Waverley Street
General Information
- Standard status
- Active
- Size
- 3,535 SF
- Lot size
- 0.17 Acres
- Property subtype
- 5+ Units / Five or More Units
Building Details
- Year Built
- 1904
Listing Agency
Compass
(650) 274-5227
Listed by
Bryan Danforth · License #01789680
(650) 274-5227
Source
Compass
Added: May 26 Checked: Jul 17 at 5:29 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
Investment Insights
Based on property information with market context.
727-729 Waverley Street is a well-maintained apartment building containing six 1-bedroom, 1-bath units and two nonconforming bachelor studio units. The property is sited on a 7,500-square-foot lot and is under RM-30 zoning in the University South neighborhood. Reported improvements include updated electrical panels and a new rear stairway compliant with SB721 requirements, along with additional repairs completed as needed.
The building is located just two blocks from the heart of downtown Palo Alto and University Avenue, supporting convenient access to nearby commercial and employment areas. An on-site leased coin-operated laundry facility serves all units, providing an additional resident amenity on the property.
This configuration can fit tenants seeking standalone 1-bedroom living as well as studio-style layouts within the same building. The offering notes that current rents are below market, with three units immediately available for rent increases, making it potentially well-suited for an owner looking to stabilize and align rents across the mix of unit types.
The building is located just two blocks from the heart of downtown Palo Alto and University Avenue, supporting convenient access to nearby commercial and employment areas. An on-site leased coin-operated laundry facility serves all units, providing an additional resident amenity on the property.
This configuration can fit tenants seeking standalone 1-bedroom living as well as studio-style layouts within the same building. The offering notes that current rents are below market, with three units immediately available for rent increases, making it potentially well-suited for an owner looking to stabilize and align rents across the mix of unit types.
Key Highlights
- Multi‑family with 8 total units: six 1‑bed/1‑bath units plus two nonconforming bachelor studios (bedroom and bathroom only)
- 7,500 SF lot in RM‑30 zoning in the University South neighborhood
- Updated electrical panels and numerous additional repairs completed as needed
Property Analytics
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FAQs
What type of property is this?
Apartment building - Well-maintained multifamily property with eight units, updated improvements, and an on-site leased coin laundry facility.
Where is this apartment building located?
The property is located at 727-729 Waverley Street Palo Alto, CA.
What is the asking price?
The asking price for this property is $3,700,000.
What are key features of this property?
This property features: Multi‑family with 8 total units: six 1‑bed/1‑bath units plus two nonconforming bachelor studios (bedroom and bathroom only); 7,500 SF lot in RM‑30 zoning in the University South neighborhood; Updated electrical panels and numerous additional repairs completed as needed
